Business
Extension of PUSU deadline
International Personal Finance Plc announced an extension to the PUSU deadline for BasePoint Capital LLC's potential cash offer, now requiring BasePoint to announce a firm intention to make an offer by 1:30 p.m. on December 31, 2025. The revised offer remains at 235 pence per share, with eligible shareholders also entitled to retain a final dividend of up to 9 pence per share for the financial year ending December 31, 2025. BasePoint has demonstrated material progress in securing financing for the offer, prompting the extension. There is no certainty that a firm offer will ultimately be made. Disclaimer*
About this update from International Personal Finance Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\nTHIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE \"CODE\") AND THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n17 December 2025\nINTERNATIONAL PERSONAL FINANCE PLC\nExtension of PUSU deadline\n \nOn 30 July 2025, it was announced that the board of International Personal Finance plc (\"IPF\" or the \"Company\") (the \"Board\") and BasePoint Capital LLC (\"BasePoint\") were in discussions with respect to a potential cash offer to be made by BasePoint to acquire the entire issued and to be issued share capital of IPF (the \"Possible Offer Announcement\").\nOn 19 November 2025, the Board announced that it had received a further revised possible cash offer from BasePoint (the \"Further Revised Possible Offer\"). Under the terms of the Further Revised Possible Offer, IPF shareholders would be entitled to receive 235 pence in cash per IPF share and eligible IPF shareholders would also be entitled to retain any final dividend that IPF may declare in respect of the financial year of IPF ending on 31 December 2025, up to a maximum final dividend of 9 pence per IPF share (the \"Permitted Dividend\"). Any such dividend is expected to be declared on 25 February 2026, alongside the Company's 2025 full-year results.\nBasePoint has outlined the progress that it has been making on raising finance for the Further Revised Possible Offer to the Board and has asked the Board for a short extension to bring its financing arrangements to a conclusion. The Board, having considered the material progress made by BasePoint in respect of its financing since the announcement of the Further Revised Possible Offer, has, in accordance with Rule 2.6(c) of the Code, requested, and the Panel has consented to, an extension to the deadline under Rule 2.6(a) of the Code by which BasePoint is required either to announce a firm intention to make an offer for IPF in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer, in which case the anno...